CAHEC's 19th Annual Partners
Conference a Huge Success
After a two-year hiatus, we were excited to finally welcome our partners back to celebrate our 30th anniversary at the 2022 CAHEC Partners Conference! Nearly 450 attendees from 24 states joined us on June 8-9 at the Grandover Resort & Conference Center in Greensboro, NC, for an amazing line-up of speakers, sessions, and plenty of networking opportunities.
One of the highlights of the conference was the Wednesday evening welcome reception, where guests gathered in the Grandville Ballroom for a Great Outdoors themed event. It's true, the impending weather prevented our "outdoors" event from being outside, but attendees still had the opportunity to sit by the campfire in Adirondack chairs, enjoy amazing food - including a macaroni and cheese bar - and indulge in a s'more or two. The photo booth, cornhole boards, and DJ were also a big hit!

CAHEC would like to thank the 94 sponsors that supported the 2022 CAHEC Partners Conference this year. With your support, we can continue offering this valuable event at no cost to attendees.

If you missed any part of the conference this year, or want to relive the festivities, the pictures will be posted to our Facebook page. If you would like to download the presentation materials from one of our sessions, please visit our website.
Congrats to our 2022 Award Recipients!
On Thursday, June 9, CAHEC hosted the annual CAHEC Awards ceremony as part of the Partners Appreciation Luncheon for attendees. Each year, we are privileged to be able to recognize individuals and organizations for their significant contribution to the affordable housing industry.

CAHEC is pleased to share the recipients of the 2022 CAHEC Awards:

  • Investor of the Year - TowneBank
  • Development of the Year - Prosperity Ridge Apartments
  • CAHEC Values Award - Charity Cravens, Sheronda Holden, Sherrie Mace
  • Outstanding Community Impact - Republic Bank Foundation YMCA
  • Resident Spotlight - Makia Lucas
  • Lifetime Achievement in Affordable Housing - Brian Coyle

During the awards ceremony, a video highlighting each winner's impactful story was shown. We hope you take a few minutes to watch and share each recipient's video.
Changes and Challenges in the
Builder's Risk Insurance Market
Written By: Nathan Kerr, Scott Insurance

It’s no secret that affordable housing organizations today are facing significant financial pressures from nearly every direction. Unfortunately, the challenging insurance market is no exception. While today’s insurance market is seeing significant pricing increases on most lines of coverage, this article focuses on changes and trends we are seeing in the builder’s risk insurance market.
Pricing - Capacity (limits) continues to shrink with the major builder’s risk insurance carriers. Due to this shrinking capacity, it is more important than ever to provide full project details - distance between buildings, site plans, construction timeline, etc. For larger projects the E&S (Excess/Surplus) market is becoming the norm. While pricing varies due to many variables (construction, location, etc.), rates continue to climb. Not long ago, rates in the $.20-$.30 range were commonplace; today the rate ranges are $.40+. 

Length of Coverage - Due to supply chain issues, funding delays, etc., most projects are being delayed and taking longer than 12 months. While most insurance policies are annual policies, builder’s risk policies can be structured for longer intervals. Rather than allowing the underwriters the ability to not extend the builders risk policy, we recommend structuring the policy on a project term basis (14, 16, 18 months) rather than an annual policy.
Celebrating 30 Years at CAHEC
You may have noticed a video booth near our registration area at the conference this year. To celebrate our 30th anniversary, we wanted to get feedback from our partners on what they enjoy most about working with CAHEC.

One question we asked participants was, "What's one word that comes to mind when you think of CAHEC?" Some words used to describe us were: housing, passionate, proud, family, and inspections!

We're excited to see the entire footage from the filming that was completed on-site, and we'll be sharing a video montage soon. Thanks for celebrating with us!
Portfolio Highlights
Expanding our Portfolio

CAHEC has added the following properties to our portfolio:

Acquisition / Rehabilitation

Swansboro Apartments - Richmond, VA; 62 units for families; Developer: Genesis Properties Development, LLC

Waters at Augusta - Greenville, SC; 200 units for families; Developer: Atlantic Housing Foundation, Inc.

New Construction

Liberty Village - Charleston, WV; 48 units for seniors 55+; Developer: Pison Development, LLC / Bill Turner, Mark Miller, Lewis Whaley, Chris Kosarek

Copyright 2022 CAHEC
This institution is an equal opportunity provider.